Kaneka Corporation, Universal Display Announce OLED Technology License Agreement for Lighting Applications

Universal Display Corporation and Kaneka Corporation announced the signing of a new OLED Technology License Agreement. Under the agreement, Universal Display has granted Kaneka license rights, under various patents owned or controlled by Universal Display, to manufacture and sell phosphorescent OLED lighting products.

“We are pleased to enter into the next phase of our relationship with Kaneka as they build out their lighting portfolio using our proprietary highly energy efficient phosphorescent OLED technology and materials,” said Steven Abramson, president and CEO of Universal Display. “As one of the world’s leading chemical makers, we are encouraged that Kaneka is fostering the development of high performance solid-state OLED lighting. We look forward to working with Kaneka to advance energy-efficient and environmentally friendly OLED products into the marketplace.”